MARANA: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MARANA
Largest movements
- Cash +€83,926
up €83,926 (+83.9%), from €100,059 to €183,985
mainly Trade debts (+€90,302) and Net result for the year (+€21,891)
- Receivables within one year +€35,163
up €35,163 (+10.6%), from €332,253 to €367,416
of which Trade receivables: +€25,027
- Tangible fixed assets -€13,264
down €13,264 (-5.2%), from €253,827 to €240,564
of which Land and buildings: -€8,964
- Deferred charges and accrued income -€11,056
down €11,056 (-78.2%), from €14,140 to €3,084
- Trade debts +€90,302
up €90,302 (+21.7%), from €415,958 to €506,260
- Reserves +€21,891
up €21,891 (+25.2%), from €86,760 to €108,650
of which Distributable reserves: +€21,891
- Current portion of long-term debt -€9,554
down €9,554 (-54.4%), from €17,573 to €8,019
- Taxes +€17,376
up €17,376, from -€4,826 to €12,550
- Gross operating margin +€11,208
up €11,208 (+22.8%), from €49,093 to €60,301
- Depreciation +€2,874
up €2,874 (+17.4%), from €16,542 to €19,416
- Other operating charges -€1,201
down €1,201 (-62.2%), from €1,932 to €731
- Financial charges -€1,087
down €1,087 (-15.4%), from €7,073 to €5,986
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €700,279 | €795,048 | +€94,769 | +13.5% |
| Fixed assets | 21/28 | €253,827 | €240,564 | -€13,264 | -5.2% |
| Tangible fixed assets | 22/27 | €253,827 | €240,564 | -€13,264 | -5.2% |
| Land and buildings | 22 | €246,647 | €237,683 | -€8,964 | -3.6% |
| Furniture and vehicles | 24 | €7,181 | €2,881 | -€4,300 | -59.9% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €446,452 | €554,485 | +€108,033 | +24.2% |
| Amounts receivable within one year | 40/41 | €332,253 | €367,416 | +€35,163 | +10.6% |
| Trade receivables | 40 | €324,441 | €349,468 | +€25,027 | +7.7% |
| Other amounts receivable | 41 | €7,812 | €17,948 | +€10,136 | +129.8% |
| Cash at bank and in hand | 54/58 | €100,059 | €183,985 | +€83,926 | +83.9% |
| Deferred charges and accrued income | 490/1 | €14,140 | €3,084 | -€11,056 | -78.2% |
| Total equity and liabilities | 10/49 | €700,279 | €795,048 | +€94,769 | +13.5% |
| Equity | 10/15 | €99,160 | €121,050 | +€21,891 | +22.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €86,760 | €108,650 | +€21,891 | +25.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €86,760 | €108,650 | +€21,891 | +25.2% |
| Amounts payable | 17/49 | €601,120 | €673,998 | +€72,878 | +12.1% |
| Amounts payable after more than one year | 17 | €165,604 | €158,148 | -€7,456 | -4.5% |
| Financial debts | 170/4 | €165,604 | €158,148 | -€7,456 | -4.5% |
| Amounts payable within one year | 42/48 | €435,516 | €515,850 | +€80,334 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €17,573 | €8,019 | -€9,554 | -54.4% |
| Financial debts | 43 | €0 | €20 | +€20 | |
| Credit institutions | 430/8 | €0 | €20 | +€20 | |
| Trade debts | 44 | €415,958 | €506,260 | +€90,302 | +21.7% |
| Suppliers | 440/4 | €415,958 | €506,260 | +€90,302 | +21.7% |
| Taxes, remuneration and social security | 45 | €0 | €1,550 | +€1,550 | |
| Taxes | 450/3 | €0 | €550 | +€550 | |
| Remuneration and social security | 454/9 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €1,984 | €0 | -€1,984 | -100.0% |
| Non-recurring operating income | 76A | €8,970 | €0 | -€8,970 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,542 | €19,416 | +€2,874 | +17.4% |
| Other operating charges | 640/8 | €1,932 | €731 | -€1,201 | -62.2% |
| Gross operating margin | 9900 | €49,093 | €60,301 | +€11,208 | +22.8% |
| Operating profit (loss) | 9901 | €30,618 | €40,153 | +€9,535 | +31.1% |
| Financial income | 75/76B | €308 | €274 | -€34 | -11.1% |
| Recurring financial income | 75 | €308 | €274 | -€34 | -11.1% |
| Financial charges | 65/66B | €7,073 | €5,986 | -€1,087 | -15.4% |
| Recurring financial charges | 65 | €7,073 | €5,986 | -€1,087 | -15.4% |
| Profit (loss) for the period before taxes | 9903 | €23,853 | €34,441 | +€10,588 | +44.4% |
| Income taxes | 67/77 | -€4,826 | €12,550 | +€17,376 | |
| Profit (loss) for the period | 9904 | €28,679 | €21,891 | -€6,788 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,679 | €21,891 | -€6,788 | -23.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.